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Code · BILL · 115th Congress · H.R. 6746 (Introduced in House) — To protect American taxpayers and homeowners by creating a sustainable housing finance system for the 21st century, a... · Sec. 401

Sec. 401. Basel III Liquidity Coverage Ratio amendments

116 words·~1 min read·/bill/115/hr/6746/ih/section-401

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In implementing the Basel III Liquidity Coverage Ratio amendments, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency may not require, as a condition for status as a high quality liquid asset, that residential mortgage-backed securities be collateralized only by (or be collateralized by a certain percentage of) full recourse mortgage loans. The term Basel III Liquidity Coverage Ratio amendments means the final rule issued by the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation titled “Liquidity Coverage Ratio:
Liquidity Risk Measurement Standards”, published October 10, 2014 (79 Fed. Reg. 61439).
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  • 79 FR 61439
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Sec. 401
Basel III Liquidity Coverage Ratio amendments
Fed. Reg.79 FR 61439
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